CMI Ltd net profit at Rs 603 lakh for Q1FY17-18
Leading speciality cables company CMI Limited, has announced its Q1 results for FY17-18. On a consolidated basis, the total income stood at Rs 14,427.91 lakh in Q1FY17-18, up from Rs 8,729.46 lakh in Q1FY16-17. The net profit was at Rs 603.16 lakh in Q1FY17-18, up from Rs 151.10 lakh in Q1FY16-17. EPS in Q1 2017-18 is at Rs 4.03, up from Rs 1.07 in Q1 of 2016-17.
Shifting focus towards local manufacturing is a win
The industry, which today is worth more than Rs.36,000 crore, is expected will grow to Rs.64,000 crore by 2020. This is primarily because of huge government and private investment planned in segments such as smart cities, modernisation of railways, highways, Digital India campaign, and Power for All by 2022.
CMI Ltd announces Rs 346 cr revenue for FY2016-17
CMI Limited has announced its annual results, with revenues are at Rs 346.03 crore for the year ended March 31, 2017, up from Rs 271.39 crore in 2015-2016 marking an increase of 27.5 per cent. The revenue on a consolidated basis stood at Rs 425.55 crore in FY16-17 making an increase of 57 per cent as compared to FY15-16 where revenue stood at Rs 271.39 crore.
CMI bags orders over Rs 30 crore
CMI Limited has been awarded orders worth more than Rs 30 crore from East Central Railways and BHEL, to provide railway signalling cables and HT XPLE cables, respectively.
CMI Ltd. bags order worth Rs 36 crore from GETCO
CMI Limited, has been awarded an order worth Rs 36.24 crore by Gujarat Energy Transmission Corporation Limited (GETCO). for supply of 66 kV XLPE cables. The order is revenue accretive and will be delivered within two quarters of FY2017-18. The cables for the new order will be manufactured at CMI’s newly acquired facility at Baddi, Himachal Pradesh.
CMI Limited, the leading specialty cables company, announces its Q3 results:
CMI Limited, the leading specialty cables manufacturer, announced its unaudited financial results for the quarter ended 31st of December 2016. The revenues stood at Rs 5,936.51 lakh in Q3 2016-2017 as against Rs 7,540.83 lakh in Q3 of 2015-16 on a standalone basis. The Q2 revenues were Rs 9,221.95 lakh.
CMI Limited listed for National Stock Exchange
The shares of CMI Limited, the BSE listed speciality cables manufacturing company have been listed for trading on the National Stock Exchange. Commenting on the same, Amit Jain, CMD, CMI Limited said “The listing on NSE will provide additional liquidity to retail investors and will lead to better price discovery for the shares of CMI.
CMI Limited announce Q1 results
Cable manufacturers CMI Limited, announced their unaudited financial results for the quarter ended June 30, 2016. The revenues are at `7,701.02 lakh in Q1 2017 as against Rs.4,532.64 lakh in Q1 of 2016, marking an increase of 69.9 per cent on a standalone basis
We expect major demand hike for wires and cables
In the power sector, cables and wires are a must and with the Ministry of Power looking at an investment of Rs.15,000 lakh crore over the next five years, the sector will witness a huge growth trajectory.